Securing the right homeowners insurance policy for your new home is an important step towards protecting your new investment and gaining peace of mind.

Insurance providers take many risk variables into account when calculating your annual premium. Crime rates in your ZIP code, the frequency of natural disasters in your area, and the age of your house may pose risks to the safety and integrity of your new home. Fret not, though—cheap home insurance quotes aren’t impossible to find if you know where to look in your search for the ideal home policy. National averages vary greatly depending on your geographical region and the certain risks it poses to insurers.

Insurify has compiled the stats on the best and most affordable home insurance quotes in the nation, broken down by location, company, local risk, and even demographic variables.

Home insurance coverage is too important to be a burden. Read on to find the best cheap homeowners insurance quotes in your area.

 

Average Cost of Home Insurance by State

State Average Annual Premium
National Average$1,398
Alabama$1,921
Alaska$1,151
Arizona$1,355
Arkansas$1,566
California$1,160
Colorado$2,263
Connecticut$1,130
Delaware$677
Florida$3,585
Georgia$1,533
Hawaii$892
Idaho$843
Illinois$1,284
Indiana$862
Iowa$1,351
Kansas$2,212
Kentucky$1,462
Louisiana$3,227
Maine$760
Maryland$1,289
Massachusetts$984
Michigan$1,035
Minnesota$1,745
Mississippi$1,530
Missouri$1,868
Montana$1,921
Nebraska$2,119
Nevada$908
New Hampshire$727
New Jersey$917
New Mexcio$1,319
New York$911
North Carolina$1,101
North Dakota$1,758
Ohio$1,148
Oklahoma$3,249
Oregon$995
Pennsylvania
$864
Rhode Island$1,204
South Carolina$2,026
South Dakota$1,446
Tennessee$1,418
Texas
$1,387
Utah$692
Vermont$576
Virginia
$1,092
Washington$731
West Virginia$1,285
Wisconsin$1,203
Wyoming$1,212

The average American homeowner won’t necessarily be able to score the cheapest home insurance rate. After all, not all homeowners have a perfect credit score or want policies without high coverage limits.

Hawaii has the lowest average home insurance rates in the nation, with $28 being the typical monthly premium—mostly thanks to the balmy, forgiving weather.

Interestingly, in Florida, it’s the opposite case—Sunshine State homeowners can expect an average home insurance quote around $139 a month, due to the frequency of extreme natural disasters.

But that doesn’t mean affordable home insurance can’t be found wherever you live. Remember, Insurify can secure you a cheap quote, no matter your background, profile, or insurance needs.

How Location Affects Your  Home Insurance Cost

ZIP codes often assist home insurance companies in predicting the risk of insuring homes in certain areas. For instance, if your town has a sudden hike in the crime rate, the average home insurance premiums may reflect that the following cycle. Your financial stability can be closely aligned with the amount of protection your insurance policy offers you, so be sure you’re keeping up.

Tips and Tricks to Lower Homeowners Insurance Rates

There are a few steps homeowners everywhere can take to help them lower their monthly premiums and keep their home and loved ones safe. The best home insurance companies use a certain methodology to determine average rates, if you can meet these requirements, you may be able to lower your rates.

Always keep fire extinguishers in convenient areas in your home, including near your kitchen and in the garage.

Take an extra second to reconsider investing in outdoor structures like trampolines or diving boards, as these often result in price increases in your home insurance costs.

Keep your appliances up-to-date and stay on top of roofing repairs and mold damage mitigation.

Take common-sense precautions against burglars by locking your doors at all times, installing a deadbolt, considering a security system, and notifying trustworthy neighbors while you’re out of town.

Additionally, make sure you take unique risks into account while selecting homeowners insurance coverage. For instance, if you live in a hurricane-prone area or near a body of water, be sure to have sufficient flood insurance to prepare for water damage. Home elements like storm shutters could also be a smart move in a situation like this. Always be sure your smoke detectors have sufficient battery life and you have sprinklers installed on your ceilings. Talk to your insurance agent to ask for further suggestions about your specific situation.

Home insurance shopping can be a nightmare, and during an emergency, dealing with filing claims will be the last thing you want to deal with. Make sure you’ve chosen the right plan before you actually need it. Whether you’re overpaying on your current policy or downright confused by the complex terminology, using the best quote comparison platform can help every step of the way.

Here are some general tips on how to make sure you’re getting the cheapest home insurance rate possible. The cheapest homeowners insurance is out there, you just need a little extra help finding it.

Consider what level of coverage you truly need. You’ll need to select the right elements of coverage for your home—basics like dwelling coverage, structural coverage, personal property protection, liability protection, and additional living expenses. A standard home insurance policy may or may not cover the following disasters, but make sure to check carefully with your insurance provider to know what’s covered under your policy. Depending on your unique housing situation, like if you’re beachside, prone to flooding, or in a mobile home, susceptible to wind damage, your coverage needs might differ.

    • Fire or lightning
    • Windstorm or hail
    • Explosion
    • Riots or civil unrest
    • Aircraft damage
    • Vehicle damage
    • Smoke damage
    • Vandalism
    • Theft
    • Falling objects
    • Weight of ice, snow, or sleep
    • Accidental discharge or overflow to water systems
    • Freezing of pipes
    • Sudden damage from electrical current

Bundle, Bundle, Bundle! By bundling your homeowners and auto insurance policies with the same insurance company, you could save hundreds on your monthly payments. Selecting specific coverage options when bundling may get you serious policy discounts. Multi-policy deals could save you hundreds.

Purchase home security devices. Shelling out a few bucks for a more advanced home alarm system or more secure home parts may lead to long-term savings. Companies may grant discounts and lower your premiums for homes that are more than adequately secured.

Carefully select the right deductible amount to ensure you’re properly covered in case you need to file a claim. It might be tempting to select a higher deductible amount in order to secure low monthly rates, but you have to remember that your deductible amount is the cash you’ll have to shell out before an insurance claim kicks in.

Keep a good credit score, if you can. Though a handful of states are outlawing this practice for auto insurance policies, the fact remains that home insurance companies can factor your credit health into your home insurance rates. Insurers can use credit scores to calculate a similar metric, called an insurance score, which helps them flag, high-risk customers. Be sure you understand the explicit exclusions of your policy states, as the cost of homeowners insurance you select may exclude many add-ons that could potentially increase your rates.

Don’t forget about customer service, claims satisfaction, and other intangibles. The best homeowners insurance companies in the United States receive high marks from policyholders, not merely because they secure them the cheapest rates, but they are there for them and easy to work with during the toughest of times. Rating services like J.D. Power & Associates may help you determine the very best homeowners insurance companies in your area. Even though these higher-rated home insurance companies may be a few extra bucks a month, their proven customer satisfaction rates may be worth it. Use a home insurance calculator to figure out how much you might need to budget for your monthly premiums–– before signing the dotted line.

There’s a lot more to home insurance than just dwelling coverage. Insurance offers protection in the form of replacement costs for damaged personal belongings, liability coverage, and protection against financial losses after a disaster. Get covered now.

Best and Cheapest Home Insurance - FAQs

Where can I compare the best home insurance companies online?

Use a free home insurance quotes comparison site like Insurify to compare tailor-made, ready-to-buy home insurance quotes from top companies. Don't bother going from site to site—compare custom discounts and rates based on your needs, with just a few clicks. You can save up to hundreds on your home insurance premium and even buy 100% online

How high should I set my home insurance deductible?

Consider setting your home insurance policy deductible as high as possible. This will reduce your claim stress because it won’t be worthwhile to put in any claims for small damages, just ones that are so major they’ll exceed your high deductible. In effect, it turns your home insurance policy into a catastrophic coverage policy. However, it also means you’ll likely pay far less in premiums, which can save you money in the long run.

Should I get an umbrella policy on top of my home insurance?

The more money and assets you have, the more vulnerable you are to lawsuits. While typical home insurance policies do offer liability coverage, those coverage levels may be unrealistically low for high net worth individuals. In that case, consider picking up an umbrella policy for extra coverage. An umbrella policy sits on top of your existing home insurance policy and kicks in where the basic policy’s coverage runs out. For example, if your home insurance policy covers liability expenses up to $100,000 and you get an umbrella policy with coverage up to $1 million, then the home insurance policy will pay for the first $100,000 in lawsuit expenses. At the same time, the umbrella policy will cover everything from $100,001 to $1 million in lawsuit expenses.

Best and Cheapest Home Insurance Quotes – The Bottom Line

Finally, there’s one way that you can find the best rates around, lower your insurance costs, and spare yourself a lot of angry phone calls: Insurify.

Insurify offers free and cheap home insurance quotes to homeowners all over the country. Whether you reside in a beachside mansion or teeny-tiny cottage in the countryside, we’ve got you covered. Insurance companies love filling our television screens and ears with endless ads trying to convince us that they are the right choice for you. But whether it’s Allstate or State Farm or Nationwide or USAA doesn’t really matter to the average homeowner, just as long as they’re getting the best insurance products and coverage available.

Compare home insurance quotes from top-ranked national and regional companies, unlock discounts for which you’re eligible, and buy a policy today. No hassles or gimmicks, just a simple comparison. Insurify also offers comparison for renters coverage, life insurance, and car insurance policies, we’ve got what you need.

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Updated April 30, 2021

Jackie Cohen received her B.A. in Global Media and Public Relations from the University of Massachusetts, Amherst. Currently based in Boston, MA, she works as a content writer for Insurify. An avid globe-trotter and foodie, Jackie spends her spare time adventuring far and near.